Stock Analysis on Net

Caterpillar Inc. (NYSE:CAT)

Analysis of Reportable Segments 

Microsoft Excel

Segment Profit Margin

Caterpillar Inc., profit margin by reportable segment

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Construction Industries 16.76% 14.03% 17.36% 17.96% 16.93%
Resource Industries 12.96% 11.33% 15.85% 15.61% 8.78%
Energy & Transportation 13.64% 13.77% 17.69% 17.28% 14.87%
Financial Products 29.55% 19.38% 24.23% 15.40% 25.61%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Segment profitability ratio Reportable segment The company
Segment profit margin Construction Industries Construction Industries segment profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level.
Resource Industries Resource Industries segment profit margin ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.
Energy & Transportation Energy & Transportation segment profit margin ratio deteriorated from 2019 to 2020 and from 2020 to 2021.
Financial Products Financial Products segment profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Segment Profit Margin: Construction Industries

Caterpillar Inc.; Construction Industries; segment profit margin calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Profit 3,706  2,373  3,931  4,174  3,258 
Sales and revenues 22,106  16,918  22,649  23,237  19,240 
Segment Profitability Ratio
Segment profit margin1 16.76% 14.03% 17.36% 17.96% 16.93%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Segment profit margin = 100 × Profit ÷ Sales and revenues
= 100 × 3,706 ÷ 22,106 = 16.76%

Segment profitability ratio Reportable segment The company
Segment profit margin Construction Industries Construction Industries segment profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level.

Segment Profit Margin: Resource Industries

Caterpillar Inc.; Resource Industries; segment profit margin calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Profit 1,291  896  1,629  1,603  690 
Sales and revenues 9,963  7,906  10,276  10,270  7,861 
Segment Profitability Ratio
Segment profit margin1 12.96% 11.33% 15.85% 15.61% 8.78%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Segment profit margin = 100 × Profit ÷ Sales and revenues
= 100 × 1,291 ÷ 9,963 = 12.96%

Segment profitability ratio Reportable segment The company
Segment profit margin Resource Industries Resource Industries segment profit margin ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Segment Profit Margin: Energy & Transportation

Caterpillar Inc.; Energy & Transportation; segment profit margin calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Profit 2,768  2,405  3,910  3,938  2,883 
Sales and revenues 20,287  17,470  22,097  22,785  19,382 
Segment Profitability Ratio
Segment profit margin1 13.64% 13.77% 17.69% 17.28% 14.87%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Segment profit margin = 100 × Profit ÷ Sales and revenues
= 100 × 2,768 ÷ 20,287 = 13.64%

Segment profitability ratio Reportable segment The company
Segment profit margin Energy & Transportation Energy & Transportation segment profit margin ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

Segment Profit Margin: Financial Products

Caterpillar Inc.; Financial Products; segment profit margin calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Profit 908  590  832  505  792 
Sales and revenues 3,073  3,044  3,434  3,279  3,093 
Segment Profitability Ratio
Segment profit margin1 29.55% 19.38% 24.23% 15.40% 25.61%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Segment profit margin = 100 × Profit ÷ Sales and revenues
= 100 × 908 ÷ 3,073 = 29.55%

Segment profitability ratio Reportable segment The company
Segment profit margin Financial Products Financial Products segment profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Segment Return on Assets (Segment ROA)

Caterpillar Inc., ROA by reportable segment

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Construction Industries 81.50% 55.72% 75.32% 85.15% 67.34%
Resource Industries 21.65% 14.85% 26.21% 24.88% 10.78%
Energy & Transportation 29.91% 28.02% 45.40% 46.96% 38.11%
Financial Products 2.60% 1.72% 2.32% 1.40% 2.27%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Segment profitability ratio Reportable segment The company
Segment ROA Construction Industries Construction Industries segment ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Resource Industries Resource Industries segment ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level.
Energy & Transportation Energy & Transportation segment ROA deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.
Financial Products Financial Products segment ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Segment ROA: Construction Industries

Caterpillar Inc.; Construction Industries; segment ROA calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Profit 3,706  2,373  3,931  4,174  3,258 
Assets 4,547  4,259  5,219  4,902  4,838 
Segment Profitability Ratio
Segment ROA1 81.50% 55.72% 75.32% 85.15% 67.34%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Segment ROA = 100 × Profit ÷ Assets
= 100 × 3,706 ÷ 4,547 = 81.50%

Segment profitability ratio Reportable segment The company
Segment ROA Construction Industries Construction Industries segment ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Segment ROA: Resource Industries

Caterpillar Inc.; Resource Industries; segment ROA calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Profit 1,291  896  1,629  1,603  690 
Assets 5,962  6,035  6,214  6,442  6,403 
Segment Profitability Ratio
Segment ROA1 21.65% 14.85% 26.21% 24.88% 10.78%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Segment ROA = 100 × Profit ÷ Assets
= 100 × 1,291 ÷ 5,962 = 21.65%

Segment profitability ratio Reportable segment The company
Segment ROA Resource Industries Resource Industries segment ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level.

Segment ROA: Energy & Transportation

Caterpillar Inc.; Energy & Transportation; segment ROA calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Profit 2,768  2,405  3,910  3,938  2,883 
Assets 9,253  8,582  8,612  8,386  7,564 
Segment Profitability Ratio
Segment ROA1 29.91% 28.02% 45.40% 46.96% 38.11%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Segment ROA = 100 × Profit ÷ Assets
= 100 × 2,768 ÷ 9,253 = 29.91%

Segment profitability ratio Reportable segment The company
Segment ROA Energy & Transportation Energy & Transportation segment ROA deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Segment ROA: Financial Products

Caterpillar Inc.; Financial Products; segment ROA calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Profit 908  590  832  505  792 
Assets 34,860  34,278  35,813  36,002  34,893 
Segment Profitability Ratio
Segment ROA1 2.60% 1.72% 2.32% 1.40% 2.27%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Segment ROA = 100 × Profit ÷ Assets
= 100 × 908 ÷ 34,860 = 2.60%

Segment profitability ratio Reportable segment The company
Segment ROA Financial Products Financial Products segment ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Segment Asset Turnover

Caterpillar Inc., asset turnover by reportable segment

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Construction Industries 4.86 3.97 4.34 4.74 3.98
Resource Industries 1.67 1.31 1.65 1.59 1.23
Energy & Transportation 2.19 2.04 2.57 2.72 2.56
Financial Products 0.09 0.09 0.10 0.09 0.09

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Segment activity ratio Reportable segment The company
Segment asset turnover Construction Industries Construction Industries segment asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Resource Industries Resource Industries segment asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Energy & Transportation Energy & Transportation segment asset turnover ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.
Financial Products Financial Products segment asset turnover ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

Segment Asset Turnover: Construction Industries

Caterpillar Inc.; Construction Industries; segment asset turnover calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Sales and revenues 22,106  16,918  22,649  23,237  19,240 
Assets 4,547  4,259  5,219  4,902  4,838 
Segment Activity Ratio
Segment asset turnover1 4.86 3.97 4.34 4.74 3.98

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Segment asset turnover = Sales and revenues ÷ Assets
= 22,106 ÷ 4,547 = 4.86

Segment activity ratio Reportable segment The company
Segment asset turnover Construction Industries Construction Industries segment asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Segment Asset Turnover: Resource Industries

Caterpillar Inc.; Resource Industries; segment asset turnover calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Sales and revenues 9,963  7,906  10,276  10,270  7,861 
Assets 5,962  6,035  6,214  6,442  6,403 
Segment Activity Ratio
Segment asset turnover1 1.67 1.31 1.65 1.59 1.23

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Segment asset turnover = Sales and revenues ÷ Assets
= 9,963 ÷ 5,962 = 1.67

Segment activity ratio Reportable segment The company
Segment asset turnover Resource Industries Resource Industries segment asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Segment Asset Turnover: Energy & Transportation

Caterpillar Inc.; Energy & Transportation; segment asset turnover calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Sales and revenues 20,287  17,470  22,097  22,785  19,382 
Assets 9,253  8,582  8,612  8,386  7,564 
Segment Activity Ratio
Segment asset turnover1 2.19 2.04 2.57 2.72 2.56

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Segment asset turnover = Sales and revenues ÷ Assets
= 20,287 ÷ 9,253 = 2.19

Segment activity ratio Reportable segment The company
Segment asset turnover Energy & Transportation Energy & Transportation segment asset turnover ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Segment Asset Turnover: Financial Products

Caterpillar Inc.; Financial Products; segment asset turnover calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Sales and revenues 3,073  3,044  3,434  3,279  3,093 
Assets 34,860  34,278  35,813  36,002  34,893 
Segment Activity Ratio
Segment asset turnover1 0.09 0.09 0.10 0.09 0.09

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Segment asset turnover = Sales and revenues ÷ Assets
= 3,073 ÷ 34,860 = 0.09

Segment activity ratio Reportable segment The company
Segment asset turnover Financial Products Financial Products segment asset turnover ratio deteriorated from 2019 to 2020 and from 2020 to 2021.

Segment Capital Expenditures to Depreciation

Caterpillar Inc., capital expenditures to depreciation by reportable segment

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Construction Industries 1.08 0.87 0.61 0.72 0.57
Resource Industries 0.49 0.30 0.40 0.41 0.36
Energy & Transportation 1.10 0.83 0.98 1.16 0.81
Financial Products 1.58 1.42 1.85 1.87 1.67

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Construction Industries Construction Industries segment capital expenditures to depreciation ratio improved from 2019 to 2020 and from 2020 to 2021.
Resource Industries Resource Industries segment capital expenditures to depreciation ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Energy & Transportation Energy & Transportation segment capital expenditures to depreciation ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Financial Products Financial Products segment capital expenditures to depreciation ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Segment Capital Expenditures to Depreciation: Construction Industries

Caterpillar Inc.; Construction Industries; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Capital expenditures 255  213  201  266  228 
Depreciation and amortization 237  245  331  367  400 
Segment Financial Ratio
Segment capital expenditures to depreciation1 1.08 0.87 0.61 0.72 0.57

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 255 ÷ 237 = 1.08

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Construction Industries Construction Industries segment capital expenditures to depreciation ratio improved from 2019 to 2020 and from 2020 to 2021.

Segment Capital Expenditures to Depreciation: Resource Industries

Caterpillar Inc.; Resource Industries; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Capital expenditures 199  125  168  188  183 
Depreciation and amortization 403  418  425  462  514 
Segment Financial Ratio
Segment capital expenditures to depreciation1 0.49 0.30 0.40 0.41 0.36

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 199 ÷ 403 = 0.49

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Resource Industries Resource Industries segment capital expenditures to depreciation ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Segment Capital Expenditures to Depreciation: Energy & Transportation

Caterpillar Inc.; Energy & Transportation; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Capital expenditures 627  495  613  742  527 
Depreciation and amortization 571  593  628  640  653 
Segment Financial Ratio
Segment capital expenditures to depreciation1 1.10 0.83 0.98 1.16 0.81

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 627 ÷ 571 = 1.10

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Energy & Transportation Energy & Transportation segment capital expenditures to depreciation ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Segment Capital Expenditures to Depreciation: Financial Products

Caterpillar Inc.; Financial Products; segment capital expenditures to depreciation calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Capital expenditures 1,218  1,100  1,534  1,559  1,373 
Depreciation and amortization 772  773  829  834  820 
Segment Financial Ratio
Segment capital expenditures to depreciation1 1.58 1.42 1.85 1.87 1.67

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 1,218 ÷ 772 = 1.58

Segment financial ratio Reportable segment The company
Segment capital expenditures to depreciation Financial Products Financial Products segment capital expenditures to depreciation ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Sales and revenues

Caterpillar Inc., sales and revenues by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Construction Industries 22,106  16,918  22,649  23,237  19,240 
Resource Industries 9,963  7,906  10,276  10,270  7,861 
Energy & Transportation 20,287  17,470  22,097  22,785  19,382 
Financial Products 3,073  3,044  3,434  3,279  3,093 
Total reportable segments 55,429  45,338  58,456  59,571  49,576 

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).


Profit

Caterpillar Inc., profit by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Construction Industries 3,706  2,373  3,931  4,174  3,258 
Resource Industries 1,291  896  1,629  1,603  690 
Energy & Transportation 2,768  2,405  3,910  3,938  2,883 
Financial Products 908  590  832  505  792 
Total reportable segments 8,673  6,264  10,302  10,220  7,623 

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).


Assets

Caterpillar Inc., assets by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Construction Industries 4,547  4,259  5,219  4,902  4,838 
Resource Industries 5,962  6,035  6,214  6,442  6,403 
Energy & Transportation 9,253  8,582  8,612  8,386  7,564 
Financial Products 34,860  34,278  35,813  36,002  34,893 
Total reportable segments 54,622  53,154  55,858  55,732  53,698 

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).


Depreciation and amortization

Caterpillar Inc., depreciation and amortization by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Construction Industries 237  245  331  367  400 
Resource Industries 403  418  425  462  514 
Energy & Transportation 571  593  628  640  653 
Financial Products 772  773  829  834  820 
Total reportable segments 1,983  2,029  2,213  2,303  2,387 

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).


Capital expenditures

Caterpillar Inc., capital expenditures by reportable segment

US$ in millions

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Construction Industries 255  213  201  266  228 
Resource Industries 199  125  168  188  183 
Energy & Transportation 627  495  613  742  527 
Financial Products 1,218  1,100  1,534  1,559  1,373 
Total reportable segments 2,299  1,933  2,516  2,755  2,311 

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).